Fiscal 2021 Financial Results (Japanese GAAP) (Unaudited) Fiscal 2021 (Year ended March 31, 2021) All financial information has been prepared in accordance with accounting principles generally accepted in Japan. “JR East” refers to East Japan Railway Company on a consolidated basis, or if the context so requires, on a non-consolidated basis. English translation from the original Japanese-language document. April 28, 2021 East Japan Railway Company Stock Exchange Listing Tokyo Securities Code 9020 URL https://www.jreast.co.jp/e Representative Yuji Fukasawa, President and CEO Contact Person Dan Tsuchizawa, General Manager, Public Relations Department (Tel. +81-3-5334-1300) Scheduled Date of Ordinary General Meeting of Shareholders June 22, 2021 Scheduled Date of Dividend Payment Commencement June 23, 2021 Scheduled Date for Release of Annual Securities Report June 22, 2021 Preparation of Supplementary Explanations of Financial Results: No Financial Results Presentation to Be Held: Yes 1. Consolidated Results for Fiscal 2021 (Year Ended March 31, 2021) (Amounts less than one million yen, except for per share amounts, are omitted.) (1) Consolidated financial results (Percentages represent percentage changes as compared with the previous fiscal year.) Profit attributable to Operating revenues Operating income Ordinary income owners of parent Millions of yen % Millions of yen % Millions of yen % Millions of yen % Fiscal 2021 1,764,584 (40.1) (520,358) — (579,798) — (577,900) — Fiscal 2020 2,946,639 (1.8) 380,841 (21.5) 339,525 (23.4) 198,428 (32.8) Note: Comprehensive income – Fiscal 2021: (565,771) million yen (—%), Fiscal 2020: 173,329 million yen (a decrease of 41.4%) Earnings Earnings Ratio of ordinary Ratio of operating Return on per share－ per share－ income to income to average equity Basic Diluted average assets operating revenues Yen Yen % % % Fiscal 2021 (1,531.91) — (20.3) (6.6) (29.5) Fiscal 2020 0,524.91 — 06.4 4.0 12.9 Reference: Equity in net income (losses) of affiliated companies – Fiscal 2021: (13,417) million yen, Fiscal 2020: 5,614 million yen (2) Consolidated financial position Shareholders’ equity Total assets Net assets Equity ratio per share Millions of yen Millions of yen % Yen Fiscal 2021 8,916,420 2,557,361 28.4 6,719.93 Fiscal 2020 8,537,059 3,173,427 36.9 8,340.01 Reference: Shareholders’ equity – Fiscal 2021: 2,535,027 million yen, Fiscal 2020: 3,146,196 million yen (3) Consolidated cash flows Net cash provided by Net cash used in Net cash used in Cash and cash equivalents operating activities investing activities financing activities at end of year Millions of yen Millions of yen Millions of yen Millions of yen Fiscal 2021 (189,968) (749,397) 983,385 197,960 Fiscal 2020 548,692 (701,601) 043,409 153,794 1 2. Dividends (Year Ended March 31, 2020 and 2021 and Year Ending March 31, 2022) Dividends per share Ratio of Total Dividend dividends to 1st quarter 2nd quarter 3rd quarter Total dividends ratio shareholders’ (Record date) Year end end end end annual (annual) (consolidated) equity (consolidated) Yen Yen Yen Yen Yen Millions of yen % % Fiscal 2020 － 82.50 － 82.50 165.00 62,304 31.4 2.0 Fiscal 2021 － 50.00 － 50.00 100.00 37,760 － 1.3 (Forecast) Fiscal 2022 － 50.00 － 50.00 100.00 104.8 3. Forecasts for Fiscal 2022 (Year Ending March 31, 2022) (Percentages represent percentage changes as compared with the previous corresponding fiscal period or fiscal year, as applicable.) Earnings Profit attributable to Operating revenues Operating income Ordinary income per share－ owners of parent Basic Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Six-month period ending 1,083,000 37.6 01,000 － (28,000) － (52,000) － (137.84) September 30, 2021 Fiscal 2022 2,326,000 31.8 74,000 － 25,000 － 36,000 － (095.43) ※ Notes (1) Changes to principal subsidiaries during the period (status changes of specified subsidiaries due to changes in the scope of consolidation): No Newly consolidated － excluded － (2) Changes in accounting policies, changes in accounting estimates, and restatement of revisions i Changes in accounting policies with revision of accounting standards : No ii Changes in accounting policies other than the above : No iii Changes in accounting estimates : No iv Restatement of revisions : No (3) Number of issued shares (common stock) i Issued shares at period-end (including treasury stock) Fiscal 2021 377,932,400 shares Fiscal 2020 377,932,400 shares ii Treasury stock at period-end Fiscal 2021 692,286 shares Fiscal 2020 691,228 shares iii Average number of shares Fiscal 2021 377,240,648 shares Fiscal 2020 378,026,258 shares during period 2 (Reference) Overview of the Non-consolidated Financial Results 1. Non-consolidated Results for Fiscal 2021 (Year Ended March 31, 2021) (Amounts less than one million yen, except for per share amounts, are omitted.) (1) Non-consolidated financial results (Percentages represent percentage changes as compared with the previous fiscal year.) Operating revenues Operating income Ordinary income Profit Millions of yen % Millions of yen % Millions of yen % Millions of yen % Fiscal 2021 1,184,145 (42.5) (478,535) — (517,715) — (506,631) — Fiscal 2020 2,061,078 (2.5) 294,077 (25.0) 260,136 (26.7) 159,053 (36.7) Earnings Earnings per share－ per share－ Basic Diluted Yen Yen Fiscal 2021 (1,341.71) — Fiscal 2020 0,420.35 — (2) Non-consolidated financial position Shareholders’ equity Total assets Net assets Equity ratio per share Millions of yen Millions of yen % Yen Fiscal 2021 8,172,474 2,014,228 24.6 5,334.28 Fiscal 2020 7,840,416 2,551,346 32.5 6,756.71 Reference: Shareholders’ equity – Fiscal 2021: 2,014,228 million yen, Fiscal 2020: 2,551,346 million yen 2. Forecasts for Fiscal 2022 (Year Ending March 31, 2022) (Percentages represent percentage changes as compared with the previous corresponding fiscal period or fiscal year, as applicable.) Earnings Operating revenues Operating income Ordinary income Profit per share－ Basic Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Six-month period ending 0,775,000 43.3 (5,000) — (18,000) — (34,000) — (90.04) September 30, 2021 Fiscal 2022 1,677,000 41.6 37,000 — (00,000) — (25,000) — 66.21 ※ Financial results are not subject to auditing. ※ Explanation of appropriate use of forecasts of business results; other important items The forecasts of business results and other forward-looking statements in this document are based on information available as of the date of this document and on certain assumptions that JR East viewed as reasonable as of the date of this document. Actual results may differ from such forward-looking statements for a variety of reasons. Regarding the forecasts of business results, please refer to “Outlook for the Year Ending March 31, 2022” on page 10 of this document. JR East is scheduled to hold an analysts’ conference on April 30, 2021, to present its operating results for Fiscal 2021. JR East plans to upload the presentation materials distributed at such conference to its website upon its conclusion. 3 Contents of Attachments 1. Operating Results and Financial Position ......................................................... 5 (1) Analysis of Operating Results .................................................................................................................. 5 (2) Analysis of Financial Position ................................................................................................................. 11 (3) Basic Dividend Policy and Dividends for Fiscal 2021 and Fiscal 2022 .................................................. 11 2. Status of the Group .................................................................................... 13 3. Management Policies ................................................................................. 16 (1) Basic Management Policies ................................................................................................................... 16 (2) Medium- to Long-Term Management Strategies and Issues to Be Addressed ..................................... 16 4. Basic Policy for Selection of Accounting Standards .......................................... 18 5. Consolidated Financial Statements and Main Notes ......................................... 19 (1) Consolidated Balance Sheets (Unaudited) ............................................................................................ 19 (2) Consolidated Statements of Income and Comprehensive Income (Unaudited) .................................... 21 (3) Consolidated Statements of Changes in Net Assets (Unaudited) ......................................................... 23 (4) Consolidated Statements of Cash Flows (Unaudited) ........................................................................... 25 (5) Notes to Consolidated Financial Statements (Unaudited) ..................................................................... 26 (Notes on Going Concern Assumption (Unaudited)) .......................................................................... 26 (Segment Information (Unaudited)) .................................................................................................... 26 (Per Share Information (Unaudited)) .................................................................................................. 28 (Subsequent Events (Unaudited)) ...................................................................................................... 28 (Additional Information (Unaudited)) ..................................................................................................